Event:
The $GARY memecoin demonstrated a spectacular growth of +129% within a day, and its capitalization was already at $4.1 million. Such a sudden jump caught the interest of memecoin holders and traders, but the reasons behind the pump are not in fundamentals, but in community activity.
Pump review:
Its expansion is all because of the community of $GARY. In most of the projects, promotion is contributed by the team themselves. In this one too, efforts are not put by the developers for the pump. It is promoted on social media by token holders themselves, they introduce new investors and thus artificially generate demand.
$GARY Team:
According our to analysts, the project team does not stand out from the competition. There is no clear map of further actions, marketing strategy or active interaction with the audience. This raises questions: if the developers do not support the token, will the community be able to maintain the price in the long term?
Future analytics:
Having examined all the token resources carefully, our professionals assumed that in case the $GARY team does not start engaging the community and is not presenting authentic development ideas, the token will certainly be dumped. With no backing from the creators, investors' interest would immediately dwindle, which would lead to a sharp price drop.
Conclusion:
$GARY is, in our opinion, a standard memecoin whose price depends exclusively on hype. Since the audience is constantly distributing the token, the price is rising, but if the team does not participate, this trend can reverse very quickly. Investors should be cautious and observe the additional actions of the developers. For additional information regarding the token, you can check its contract - 5SRer48NRfmhsut1n4ZwSAVUJAErNjdKcXTMVaxdpump
We still keep an eye on the situation regarding $GARY.
This article is not investment advice!
